NORTH CAROLINA WESLEYAN UNIVERSITY INC (EIN 560686603) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

SUZANNE BRACKETT

Phone

2529855100

Tax Period

2024-06-01 to 2025-05-31

NORTH CAROLINA WESLEYAN UNIVERSITY INC, founded in 1956, is a mid-sized nonprofit in the Education sector that reported $48.5M in total revenue in fiscal year 2024.

Mission

TO PREPARE STUDENTS FOR PROFESSIONAL ADVANCEMENT, LIFE-LONG LEARNING, AND RESPONSIBLE PARTICIPATION IN THEIR COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,990,255

Program Service Revenue $43,524,665

Investment Income $632,528

Other Revenue $324,343

TOTAL REVENUE $48,471,791

Expense Breakdown

Grants Paid $19,550,712

Salaries & Benefits $15,703,824

Fundraising Expenses $407,647

Program Expenses $45,141,431

Other Expenses $17,061,078

TOTAL EXPENSES $52,315,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,471,791	$47,392,754	+0.0%
Expenses	$52,315,614	$50,472,431	+0.0%
Net Income	$-3,843,823	$-3,079,677	+0.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

648

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,069,469

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR PAUL A BAUER	CHARIMAN	5.00	Director	$0	$0	$0
MR JOE SHEARIN	VICE CHAIRMAN	5.00	Director	$0	$0	$0
DR DANIEL L CROCKER	PAST CHAIRMAN	5.00	Director	$0	$0	$0
MR JOHN A TURNAGE	SECRETARY	5.00	Director	$0	$0	$0
MR MARION BARNES	TRUSTEE	5.00	Director	$0	$0	$0
MR VERNON T BRADLEY JR	TRUSTEE	5.00	Director	$0	$0	$0
MR ARNOLD GORDON-BRAY	TRUSTEE	5.00	Director	$0	$0	$0
MR DAN L BELL	TRUSTEE	5.00	Director	$0	$0	$0
MR HARRY BYNUM	TRUSTEE	5.00	Director	$0	$0	$0
MS BETH MURPHY	TRUSTEE	5.00	Director	$0	$0	$0
MS JANICE BRYANT HOWROYD	TRUSTEE	5.00	Director	$0	$0	$0
MR KEVIN JONES	TRUSTEE	5.00	Director	$0	$0	$0
MR TW KING	TRUSTEE	5.00	Director	$0	$0	$0
MR JEROME MA	TRUSTEE	5.00	Director	$0	$0	$0
MR BAXTER MYERS	TRUSTEE	5.00	Director	$0	$0	$0
MR LLOYD NELSON	TRUSTEE	5.00	Director	$0	$0	$0
DR LAWANDA PEACE	TRUSTEE	5.00	Director	$0	$0	$0
MS TERRI SHARPE	TRUSTEE	5.00	Director	$0	$0	$0
MR WAYNE SOUSA	TRUSTEE	5.00	Director	$0	$0	$0
MR ROGER TAYLOR	TRUSTEE	5.00	Director	$0	$0	$0
MR THOMAS WINSTEAD	TRUSTEE	5.00	Director	$0	$0	$0
MR DAVID JOYNER	EX OFFICIO	5.00	Director	$0	$0	$0
MR EVAN D DUFF	PRESIDENT	40.00	Officer	$300,211	$35,225	$335,436
MS SUZANNE P BRACKETT	SVP-ADMINISTRATION	40.00	Officer	$155,500	$17,278	$172,778
MR AARON V DENTON	VP OF ATHLETICS	40.00	Officer	$123,738	$8,416	$132,154
MR MARK H HINSON	VP OF ADVANCEMENT	40.00	Officer	$118,464	$15,342	$133,806
MR JOSEPH H LANE JR	PROVOST AND SVP OF ACADEMI	40.00	Officer	$168,261	$30,005	$198,266
MS CYNTHIA W EDWARDS	CHIEF ENGAGEMENT OFFICER	40.00	Officer	$69,177	$12,132	$81,309
MR OSCAR A RODRIGUEZ	DEAN OF TRADITIONAL ENROLLMENT	40.00	Officer	$15,022	$698	$15,720
MR JOHN M THOMPSON	HEAD MEN'S BASKETBALL COAC	40.00	Highest	$119,465	$26,419	$145,884
MR MEIR MAGAL	PROFESSOR - EXERCISE SCIENCE	40.00	Highest	$108,313	$13,210	$121,523
MS CRYSTAL P OSTHEIM	DIRECTOR OF NURSING & INITIATIVES	40.00	Highest	$116,700	$16,653	$133,353
MS KATIE M FARRELL	DEAN OF ADULT AND PROFESSIONAL STUDIES	40.00	Highest	$104,800	$24,614	$129,414
MR JEFFREY W SEARS	DIRECTOR OF CAMPUS SAFETY	40.00	Highest	$103,624	$19,131	$122,755

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$48,471,791	$52,315,614	$65,927,699	$-3,843,823
2024	$47,392,754	$50,472,431	$66,064,047	$-3,079,677
2023	$47,525,427	$52,498,420	$60,676,201	$-4,972,993
2022	$57,107,518	$54,948,077	$65,274,015	$2,159,441
2021	$57,746,021	$53,625,053	$64,234,386	$4,120,968
2020	$63,797,680	$55,592,116	$59,732,981	$8,205,564
2019	$54,293,764	$55,976,435	$53,240,207	$-1,682,671

NORTH CAROLINA WESLEYAN UNIVERSITY INC